Stock Market Today: Nasdaq Nears New High After Nvidia Earnings
Global stock markets rallied after the chipmaker's impressive financial results and guidance.


Stocks took their cues from a sizzling overnight session for the Japanese equities market and a red-hot post-earnings rally for Nvidia (NVDA). Indeed, the main benchmarks soared up the charts Thursday, with two of the three notching new record closes.
There were two main catalysts that sparked today's broad-market rally. One was the overnight move in Japan's stock market, with the Nikkei hitting a fresh record high for the first time since December 1989.
"The Nikkei has been buoyed by another wave of excitement for the prospects for the tech sector," says Susannah Streeter, head of money and markets at Hargreaves Lansdown, adding that a weaker yen has helped boost exporters including Toyota, Honda and Sony.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The index's "performance has also been boosted by corporate governance reforms to make businesses more accountable to shareholders which appear to have enthused investors, including Warren Buffett who has been bullish towards Japanese stocks," Streeter adds.
Nvidia soars on impressive Q4 results
The other main driver of Thursday's price action was Nvidia's blowout earnings report. The chipmaker's results were one of the most highly anticipated of the earnings season given its pole position in the generative AI (artificial intelligence) space, and it did not disappoint.
For its fourth quarter, Nvidia reported earnings of $5.16 per share, up from 88 cents per share in the year-ago period. Revenue jumped to $22.1 billion from last year's $6.1 billion as data center revenue quadrupled.
What's more, the company is calling for first-quarter revenue of $24.0 billion, a remarkable improvement over the $6.5 billion in revenue it reported in the year-ago period.
"This last year, we've seen a generative AI really becoming a whole new application space, a whole new way of doing computing, a whole new industry is being formed and that's driving our growth," said Nvidia CEO Jensen Huang in the company's earnings call.
NVDA stock surged 16.4%, adding $277 billion to its market capitalization – the most ever added by a company in a single session. To put that figure in perspective, it is more than the entire market cap of Dow Jones stock Coca-Cola (KO, -0.2%) or streaming giant Netflix (NFLX, +2.6%).
AMD adds $28 billion in market value after Nvidia earnings
Nvidia's earnings report had a halo effect on other chip stocks. Advanced Micro Devices (AMD), for one, jumped 10.7%, gaining $28 billion in market value along the way. Arm Holdings (ARM, +4.2%), Broadcom (AVGO, +6.3%) and Taiwan Semiconductor Manufacturing (TSM, +3.0%) were also notable gainers.
As for the indexes, both the Dow Jones Industrial Average (+1.2% at 39,069) and the S&P 500 (+2.1% at 5,087) finished at record closes. The Nasdaq Composite climbed 3.0% to 16,041, and is now within striking distance of its closing peak of 16,057.44 set in November 2021.
Related content
- Toyota Recalls More than 300,000 Vehicles: What To Know
- Why Is Walmart Splitting Its Stock?
- AT&T Working to Restore Service Amid Network Outage: What to Know
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
-
Claiming the Standard Deduction? Here Are Five Tax Breaks for Retirement in 2025
Tax Tips If you’re retired and filing taxes, these five tax credits and deductions could provide thousands in relief (if you qualify).
-
QUIZ: Test Your Retirement IQ
Quiz Are you smarter than…everyone else? Test your retirement smarts with this quiz.
-
Where There's a Will, There's a Way Your Assets Will Be Distributed as You Wish
Your will is the backbone of a strong, adaptable estate plan that ensures what you leave behind goes to your selected beneficiaries. Without a will, state laws determine who gets your assets.
-
I'm a Financial Adviser: This Is What You're Really Losing if You Cut Back on Your 401(k) Contributions
Missing out on the benefits of the employer match and compounding growth could force you to work longer and lower your standard of living in retirement. Here are some alternative options.
-
S&P 500 Hits New Highs as Rally Resumes: Stock Market Today
Tech stocks were the biggest gainers on Wall Street today, with Nvidia and Dell making notable moves.
-
Should You Buy Gold as It Tops $4,000? Here's What the Experts Say
Rate cuts, a weak dollar and macro uncertainty have helped create a "perfect storm" for gold this year. Should investors add exposure or is it too late to buy?
-
Preferred Bank Stocks: The Investment Retirees (and Others) May Be Missing Out On
Most large banks issue preferred stocks that pay out fixed dividends, often with higher yields than bonds. Should you make room for them in your portfolio?
-
Don't Let Your Equity Compensation Trip You Up: A Financial Expert's Guide
Stock options, RSUs and other executive perks can come with some serious strings attached. To avoid a nasty tax surprise, you need a plan.
-
Rally Fades on Mixed AI Revolution News: Stock Market Today
All three main U.S. equity indexes opened higher but closed lower as a seven-session winning streak for the S&P 500 came to an end.
-
The Spendthrift Trap: Here's One Way to Protect Your Legacy From an Irresponsible Heir
A spendthrift clause in an estate plan can protect an inheritance from a financially irresponsible child's debts and poor decisions.